ETF Screener: Is there a Doctor in the House?
In our weekly review of industry charts, seeking emerging trends, we have identified a few areas of strength in this market. We believe these sectors offer investors an opportunity to profit in the next 6-to-12 months.
Sectors with positive MACD readings include:
| Sector |
|---|
| Medical Supplies |
| Medical Equipment |
| Biotech |
| Pharmaceuticals |
| Tobacco |
For our subscribers, we will profile companies in these up-and-coming sectors that we believe stand out as buying opportunities for the next 3-to-6 months.
For healthcare, ETF investors might wish to consider owning Biotech HOLDRs (BBH), Pharmaceutical HOLDRs (PPH), iShares Healthcare Sector Fund (IYH), iShares Medical Devices (IHI), iShares Pharmaceuticals (IHE), iShares NASDAQ Biotechnology Fund (IBB), SPDR Biotech (XBI), SPDR Pharmaceuticals (XPH) and more aggressive investors should add ProShares Ultra Healthcare (RXL) for double the returns of the healthcare index.
Indexes we would avoid for now include:
| Sector |
|---|
| Industrial Transportation |
| Building Materials |
| Industrial Materials |
| Steel |
| Media |
Posted: July 9th, 2008 under ETF Screener, Sector Performance.
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